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4035 Inglewood Blvd

6 Unit Apartment Building $3,000,000 ($500,000/Unit) 3.32% Cap Rate Los Angeles, CA 90066

Executive Summary

Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exclusive, bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer. Great Westside location south of Washington Place and West of Centinela. Walking distance to shopping, markets, banks, gyms, restaurants, a bowling alley, and a coffee shop. Located in the heart of the Mar Vista submarket in Los Angeles just minutes away from all that the area has to offer. The neighborhood boasts a blend of residential charm and urban convenience, making it an attractive location for potential renters.

Data Room Click Here to Access

Property Facts

Price $3,000,000
Price Per Unit $500,000
Sale Type Investment
Cap Rate 3.32%
Sale Conditions
Distress Sale
  • 1031 Exchange
Gross Rent Multiplier 15.01
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 7,794 SF
No. Stories 2
Year Built 1959
Parking Ratio 0.64/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • Furnished Units Available

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 - -
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4232-029-023
Land Assessment
$890,261
Improvements Assessment
$362,577
Total Assessment
$1,252,838

zoning

Zoning Code LAR3 (Multiple Family Residential)
LAR3 (Multiple Family Residential)
  • Listing ID: 34012379

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 4035 Inglewood Blvd, Los Angeles, CA 90066

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